What Did the CBI Court in Bihar Decide for Three Accused in a 1991 Bank Fraud Case?
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Synopsis
On June 22, a CBI court in Patna, Bihar, sentenced three individuals to three years of rigorous imprisonment for their involvement in a bank fraud case from 1991. This historic ruling underscores the long-term consequences of financial misconduct in India.
Key Takeaways
- The CBI court sentenced three individuals to three years of rigorous imprisonment.
- A fine of Rs 4 lakh was imposed on the accused.
- The case dates back to 1991, highlighting the long-term implications of financial fraud.
- This case reinforces the integrity of the banking system in India.
- Legal actions against financial crimes help maintain public trust.
New Delhi, June 22 (NationPress) A CBI court located in Patna, Bihar, has handed down a sentence of three years of rigorous imprisonment to three defendants involved in a bank fraud case that dates back to 1991. Additionally, the court imposed fines upon the accused.
The individuals sentenced include two former Managers of Kshetriya Gramin Bank and a private individual, all found guilty in the Darbhanga district of Bihar. A total fine of Rs 4 lakh has been levied against them.
According to a press release from the Central Bureau of Investigation (CBI), the sentence was pronounced by the CBI Court in Patna on Saturday.
The convicted individuals are identified as Barun Kumar Mishra, the former Manager of Mithila Kshetriya Gramin Bank’s Kahua Branch in Darbhanga; Mohan Jee Mishra, the former Branch Manager of Mithila Kshetriya Gramin Bank’s Bahera Branch in Madhubani; and a private individual named Dayanand Jha.
They will serve three years of Rigorous Imprisonment (RI) alongside the imposed fine of Rs 4 lakh connected to the bank fraud case.
The CBI initiated the investigation on August 14, 1991, against Barun Kumar Mishra, the then Officer Incharge of Mithila Kshetriya Gramin Bank (MKGB) Kohua Branch, and a Field Officer from the same branch.
Allegations indicated that the defendants, acting as branch officer and field officer of MKG Bank during the years 1989-90, engaged in a criminal conspiracy that led to the misappropriation of Rs 2,48,642/- by manipulating debit and credit entries in HSS account No.1114, which was purportedly maintained in the name of Dayanand Jha, son of Shardanand Jha, a resident of Darbhanga.
Following the investigation, the CBI filed two separate charge sheets on November 30, 1994, for various instances of misappropriation.
The first charge sheet was submitted to the Ld. Court of Special Judge CBI Cases in Patna against Barun Kumar Mishra, Mohan Jee Mishra, and Dayanand Jha. After the trial, the court found the accused guilty and sentenced them accordingly.
The second charge sheet was filed in the Ld. Court of Special Judicial Magistrate CBI Cases in Patna against Barun Kumar Mishra, which is currently ongoing in the Muzaffarpur Court in Bihar.
Point of View
This ruling by the CBI court in Bihar highlights the enduring commitment of Indian authorities to uphold accountability in financial sectors. It reflects the importance of lawful conduct in banking and serves as a warning against fraudulent practices. Such legal actions reinforce public trust in financial institutions, ensuring that justice prevails.
NationPress
22/06/2025
Frequently Asked Questions
What were the charges against the accused?
The accused were charged with bank fraud involving the misappropriation of Rs 2,48,642 through manipulation of bank entries.
What is the significance of this court ruling?
This ruling emphasizes the long-lasting consequences of financial crime in India and reinforces the accountability of those in the banking sector.
What is the current status of the second charge sheet?
The second charge sheet against Barun Kumar Mishra is currently ongoing in the Muzaffarpur Court in Bihar.
